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China Plastic Spouts Market

Analysis by Spout Type (Cap, Dropper, Pumps, and Others); by Packaging Type (Pouch, Bottle, and Others); and by End User (Food & Beverage, Cosmetics & Personal Care, Pharmaceutical, and Others) – Supply & Demand Analysis & Opportunity Outlook 2023-2035

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Report ID: 4688 | Published On: Feb 16, 2023
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  1. An Outline of the China Plastic Spouts Market
    1. Market Definition
    2. Market Segmentation
    3. Product Overview
  2. Assumptions and Abbreviations
  3. Summary of the Report for Key Decision Makers
  4. Major Roadblocks for the Market Growth
  5. Industry Risk Analysis
    1. Demand Risk Analysis
    2. Supply Risk Analysis
  6. Industry Supply Chain Analysis
  7. End User Analysis
  8. Competitive Positioning: Strategies to Differentiate a Company From its Competitors
  9. Competitive Model: A Detailed Inside View for Investors
    1. Market Share of Major Companies Profiled, 2022
    2. Business Profiles of Key Enterprises
      1. Guangdong Oudaya Packaging Co., Ltd.
      2. Shantou Fenbo Packaging Co., Ltd.
      3. Shantou Jinlei Plastic Industrial Co., Ltd.
      4. Shenyang Tengsheng plastic packaging co. LTD.
      5. Guangzhou Cheers Packing CO., LTD
      6. Mingsanfeng Cap Mould Co.,Ltd
      7. Shantou Mandun Plastic Co.,Ltd.
      8. Georg Menshen GmbH & Co. KG
      9. Changzhou Huapu Plastics Container Co., Ltd.
      10. Other players
  10. China Plastic Spouts Market, Outlook & Projections, Opportunity Assessment, 2022 to 2035
    1. Market Overview
    2. Market Revenue by Value (USD Million) and Compound Annual Growth Rate (CAGR)
    3. China Plastic Spouts Market Outlook & Projections, Opportunity Assessment by Segment
      1. By Spout Type
        1. Cap, Market Value (USD Million), CAGR, 2022-2035F
        2. Dropper, Market Value (USD Million), CAGR, 2022-2035F
        3. Pumps, Market Value (USD Million), CAGR, 2022-2035F
        4. Others, Market Value (USD Million), CAGR, 2022-2035F
      2. By Packaging Type
        1. Pouch, Market Value (USD Million), CAGR, 2022-2035F
        2. Bottle, Market Value (USD Million), CAGR, 2022-2035F
        3. Others, Market Value (USD Million), CAGR, 2022-2035F
      3. By End User
        1. Food & Beverage, Market Value (USD Million), CAGR, 2022-2035F
        2. Cosmetics and Personal Care, Market Value (USD Million), CAGR, 2022-2035F
        3. Pharmaceutical, Market Value (USD Million), CAGR, 2022-2035F
        4. Others, Market Value (USD Million), CAGR, 2022-2035F

China Plastic Spouts Market Size, Forecast, and Trend Highlights Over 2023 – 2035

The China plastic spouts market is estimated to garner a revenue of USD 145.0 Million by the end of 2035 by growing at a CAGR of 6.61% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 71.9 Million in the year 2022. The growth of the market in this region can be attributed to the growing working class women who are demanding more cosmetics products in China. According to a poll, almost 42% of Chinese women stated they spend an average of USD 73 to about USD 300 year on makeup, according to China Youth Daily. Also, there has been growing young population which is also estimated to increase the demand for cosmetics in China. Compared to older women (about 82%), a higher percentage of young women (approximately 87%) make up regularly. The women in China stated that often wear "little makeup" on ordinary days but "full makeup" while going to formal occasions such as banquets or business client meetings. Hence owing to the increasing demand for cosmetics in China, the market is expected to grow further.

China Plastic Spouts Market Graph

Additionally, there has been growing demand for ready-to-eat products in China. Further, since COVID-19 the demand for read-to-eat meal went much higher since more people were staying at home. Also, the prices for raw material went up during COVID-19, hence consumers appeared to believe it was wise to store up food. Hence the demand for ready-to-eat food went up. Moreover, young people especially who are working prefer ready-to-eat food, since they find it more convenient than cooking at home. However, the geriatric population in China who are leaving alone is also estimated to demand for more ready-to-eat food. In China, the percentage of senior persons living alone has risen from about 17% in 1993 to approximately 26% in 2007 and may reach about 89% by 2030. Hence growing geriatric population in China who are living alone is also estimated to boost the growth of the market.


China Plastic Spouts Market Graph
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China Plastic Spouts Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

6.61%

Base Year Market Size (2022)

USD 71.9 Million

Forecast Year Market Size (2035)

USD 145.0 Million

Regional Scope

  • China


China Plastic Spouts Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Government Initiatives to Reduce the Plastic Pollution

The National Development and Reform Commission (NDRC) of China and the Ministry of Ecology and Environment (MEE) jointly published "Opinions on Further Strengthening the Control of Plastic Pollution" on January 16, 2020, with the goal of outlawing and drastically reducing the production and use of environmentally harmful plastics over the course of the following five years. To avoid and control plastic pollution, the Chinese government seeks to promote the manufacture of alternative and biodegradable materials. As a result of its recyclable nature and minimal use of plastic during production, plastic spout pouches have become more and more popular.

  • Growing Production of Generic Drugs in China

China has been heavily reliant on generic drugs. Over 94% of the about 160,000 drug licenses granted by the Chinese FDA are for generic medications, according to the National Health Commission of that nation.

  • Growing Demand for Cosmetics in China by Men

In China, more than half of the male consumers as of 2021 claimed to use skincare products frequently, if not daily.

  • Surge in Pre-Cook-Related Enterprises

More than 65,000 domestic pre-cook-related businesses were registered in the country as of June 2022, more than 1,019 of which were brand-new businesses.

  • Rise in Production of Plastic

Every month, China generates almost 6 million metric tonnes of plastic products. The greatest monthly production of plastic goods since January 2020 was approximately 8 million metric tonnes in December 2021.

Challenges

  • Recycling and Environment Concern of Plastic Spouts - The use of plastic packaging for spout products is also harmful to the environment since it increases garbage, clogs landfills, and pollutes the ocean, killing aquatic life. Further, plastic spout recycling issues and environmental concerns are limiting market expansion since recycling entails performing a transformation sequence, which could have negative environmental, labor-intensive, and financial effects. The rapid growth of the express and food delivery sectors has also presented new difficulties for the China plastic spouts market.
  • Supply Chain Disruption
  • Shortage of Raw Material for Manufacturing


China Plastic Spouts Market Segmentation

The China plastic spouts market is segmented and analyzed for demand and supply by end user into food & beverage, cosmetics & personal care, pharmaceuticals, and others. Out of which, the food & beverage segment is anticipated to garner the highest revenue of USD 57.7 Million by the end of 2035, up from a revenue of USD 27.8 Million in the year 2022. Further, the segment is anticipated to grow at a highest CAGR of 6.91% over the forecast period, backed by growing demand for organic food which is further estimated to boost the adoption of flexible packaging. The sales of organic food in China climbed to roughly USD 75 billion in 2021. China exported organic foods valued over 1 billion US dollars in the same year. Flexible packaging is preferred as it is convenient for transit and storage. Spout pouches are most frequently used to package baby foods and beverages. Hence, further owing to growing demand for baby food the market is estimated to grow. Plastic spouts are extensively used by food sector in order to store jelly, cream, spread, or any other thick liquid in produce. Additionally, growing number of food industries and demand for more innovative packaging solution the market is estimated to grow further.

The China plastic spouts market is also segmented and analyzed for demand and supply by packaging type into pouch, bottle, and others. Amongst which, the bottle segment is expected to generate the highest revenue of USD 66.8 Million by the end of 2035, up from a revenue of USD 33.5 Million in the year 2022. However, pouch segment is anticipated to grow at the largest CAGR of 7.33% over the forecast period, backed by their growing preference owing to their customizable and versatile nature. Spout pouch are a type of flexible plastic packaging, hence they are found to be more convenient and they are also better on environment than rigid packaging. This packaging is used for a variety of products including energy drinks, baby food, cocktails, detergent, and screen washing solutions. Additionally, spout pouch demand has increased as a result of rapid urbanization, hectic lives, and rising individual spending power. These factors have also increased the sales of packaged food goods.

Our in-depth analysis of the China plastic spouts market includes the following segments:

By Spout Type

  • Cap
  • Dropper
  • Pumps
  • Others

By Packaging Type

  • Pouch
  • Bottle
  • Others

By End User

  • Food & Beverage
  • Cosmetics & Personal Care
  • Pharmaceutical
  • Others


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Top Featured Companies Dominating the China Plastic Spouts Market

    Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the China plastic spouts market that are included in our report are, Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., Shenyang Tengsheng plastic packaging co. LTD., Guangzhou Cheers Packing CO., LTD, Mingsanfeng Cap Mould Co.,Ltd, Shantou Mandun Plastic Co.,Ltd., Georg Menshen GmbH & Co. KG, Changzhou Huapu Plastics Container Co., Ltd., and others.


In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

Request Insights
Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the China plastic spouts market?

Ans: The major factors driving the growth of the market are growing government initiatives to reduce plastic pollution, growing production of generic drugs in China, growing demand for cosmetics by men in China, and others.

2) What would be the CAGR of China plastic spouts market over the forecast period?

Ans: The market is anticipated to attain a CAGR of 6.61% over the forecast period, i.e., 2023 – 2035.

3) What are the challenges affecting the China plastic spouts market growth?

Ans: Recycling and environmental concern of plastic spouts, supply chain disruption, and shortage of raw material for manufacturing estimated to be the growth hindering factors for the market expansion.

5) Who are the major players dominating the China plastic spouts market?

Ans: The major players in the market are Guangdong Oudaya Packaging Co., Ltd., Shantou Fenbo Packaging Co., Ltd., Shantou Jinlei Plastic Industrial Co., Ltd., and more.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the China plastic spouts market?

Ans: The market is segmented by spout type, packaging type, end user and by region.

8) Which segment captures the largest market size in the end user segment in the China plastic spouts market?

Ans: The food & beverage segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

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